13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
Autumn Statement 2015: George Osborne must end the distortion caused by stamp duty hikes for high value residential property November 22, 2015 In recent years, there has been a perfect storm of changes to residential property taxation: from the introduction of the Annual Tax on Enveloped Dwellings to offshore Capital Gains Tax, from clampdowns on corporate vehicles buying property to the removal of buy-to-let relief. But one change in particular threatens to tip the market over [...]
London’s house prices had the UK’s lowest rate of annual growth last month December 12, 2016 Back in March, London was leading the UK's annual house price inflation, but the recent drop in prices and transactions in prime central property has led to annual change of just 0.1 per cent, meaning London's house prices had the lowest rate of annual growth in the country last month. For England and Wales as a whole, average [...]
Travel website Skyscanner bought by Chinese firm Ctrip in £1.4bn deal November 24, 2016 The UK travel comparison site Skyscanner has been bought up by Ctrip, China's largest online travel business. The deal values Skyscanner at around £1.4bn. The travel website, which is based in Edinburgh, said it would keep the same management team and would be run independently within the Ctrip group. What does this mean for UK [...]
The mayor’s making a serious push for TfL to take over London’s suburban rail routes September 21, 2016 The Mayor of London is stepping up his push for Transport for London (TfL) to take over the capital's suburban rail routes and turn lines run by troubled Southern and other operators into Overground routes. Sadiq Khan will make the business case for rail devolution ahead of the Autumn Statement. Read more: Southern Rail commuters take on Department [...]
Theresa May is to promise an “unashamedly pro-business” government November 14, 2016 Prime minister Theresa May will today vow to lead an “unashamedly pro-business” government, while also vowing to crackdown on bosses that “game the system”. Speaking at the Lord Mayor's Banquet at the Guildhall tonight, May is expected to stress her desire to make the UK an attractive destination for businesses to invest after Brexit. Citing the [...]
Plutus Powergen share price powered up by deal with Big Six energy firm for renewable fuel and gas project funding November 21, 2016 Shares in Aim-listed utility Plutus PowerGen (PPG) lit up today after it announced a funding partnership with an unnamed Big Six energy group. The major energy supplier has offered to fund up to 20 per cent of any of PPG's 20MW renewable fuel or gas powered energy projects going forward, PPG announced today. Its shares shot up [...]
Theresa May welcomes capitalism 2.0 November 21, 2016 Theresa May has today urged businesses to take a new approach to capitalism, or risk pushing away the public at large. Speaking at the Confederation of British Industry (CBI) conference, the Prime Minister called for "embracing a new approach ensure everybody in the benefits of economic growth" May noted that, although her and her party would [...]
Rental supply increased by seven per cent in November December 8, 2016 Rental supply increased by 6.8 per cent in November, the second month of growth in a row. The figures from Property Partner show that the supply in London fell, however, down by 1.2 per cent month-on-month. In October, rental listings in London fell by three per cent. Read more: Upset landlords say they'll up rents [...]
A five per cent improvement in airport journey times could generate £1.9bn for the UK economy, says the AOA November 21, 2016 The Airport Operators Association wants the government to improve surface access to airports, and it's done its research ahead of Wednesday's Autumn Statement. It's calling on the government to invest in transport links to airports, after its new report, in conjunction with Capital Economics, said the government could create tens of thousands of jobs by reducing [...]